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← MOSAIC & TERRAZZO WELFARE FUND

Form 990 for tax year 2022

Filed by MOSAIC & TERRAZZO WELFARE FUND.

Totals

Total revenue
$8,780,077
Total expenses
$9,336,561
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,655,762
Investment income
$124,315
Other revenue
$0
Total assets, end of year
$6,767,300
Total liabilities, end of year
$2,001,451
Net assets or fund balances, end of year
$4,765,849
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYERS CONTRIBUTION

    total $5,831,195 · related or exempt $5,831,195

  • 2b · Program service revenue: PARTICIPANTS CONTRIBUTION

    total $2,757,009 · related or exempt $2,757,009

  • 2c · Program service revenue: MEDICARE DRUG SUBSIDY

    total $67,558 · related or exempt $67,558

  • 3 · Investment income

    total $134,311 · excluded $134,311

  • 7a · Gross sales of assets other than inventory

    securities $1,200,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,209,996

  • 7c · Gain or loss

    securities -$9,996

  • 7d · Net gain or loss

    total -$9,996 · excluded -$9,996

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,826,189

  • 11b · Fees: legal

    total $22,024

  • 11c · Fees: accounting

    total $33,060

  • 11f · Fees: investment management

    total $3,540

  • 11g · Fees: other

    total $41,813

  • 13 · Office expenses

    total $846

  • 14 · Information technology

    total $4,606

  • 22 · Depreciation, depletion and amortization

    total $4,246

  • 24a · Other expenses: REIMB TO RELATED ORGANI

    total $400,237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $771,845 · end of year $1,125,675

  • 4 · Accounts receivable

    beginning of year $1,746,733 · end of year $1,403,481

  • 10a · Land, buildings and equipment: cost or other basis

    $177,141

  • 10b · Land, buildings and equipment: accumulated depreciation

    $167,892

  • 10c · Land, buildings and equipment, net

    beginning of year $6,884 · end of year $9,249

  • 11 · Investments: publicly traded securities

    beginning of year $4,869,918 · end of year $4,228,895

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,825 · end of year $278,346

  • 25 · Other liabilities

    beginning of year $1,583,252 · end of year $1,723,105

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,676,303 · end of year $4,765,849

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

  • TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

As filed on the 2022 return.

Listed in Part VII

  • Patrick Bonici

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marcello Filippi Thru 872022

    UNION ALT TRSTE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Magnan

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nicholas Hopko

    UNION TRUSTEE

    Total calculated
    $1,698
    From this org
    $0
    From related orgs
    $1,006
    Other
    $692
    Hours/week
    1 + 2 related

  • Michael Kriss

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rosa Maria Toneatto

    FUND ADMIN

    Total calculated
    $139,689
    From this org
    $0
    From related orgs
    $106,551
    Other
    $33,138
    Hours/week
    16.5 + 18.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MOSAIC AND TERRAZZO ANNUITY FUND

    501(A) · ANNUITY BENEFIT · NY

  • MOSAIC AND TERRAZZO PENSION FUND

    501(A) · PENSION BENEFIT · NY

  • INT'L UNION OF BAC LOCAL 7 NY & NJ

    501(C)5 · LABOR UNION · NY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202322899349302097

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